Global Surge in Fruit Pulp Demand Driven by Regional Dynamics
Global Fruit Pulp Market Poised for Significant Growth Amidst Regional Developments
The global fruit pulp market is projected to reach approximately USD 28.16 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period. This growth is driven by increasing consumer demand for natural and organic food products, leading to a heightened interest in fruit pulp-based items.
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United States: Growth Driven by Health Trends and Market Consolidation
In the United States, the fruit pulp market is experiencing substantial growth, propelled by rising health consciousness and a preference for natural ingredients in food products. A notable development includes the merger between SPC, The Original Juice Co, and Nature One, forming a formidable food manufacturer with over $400 million in annual sales. This consolidation enhances their influence with major supermarket chains like Woolworths and Coles, streamlining supply chains and boosting production capacities.
Asia Pacific: Opportunities Arise from Growing Middle-Class and Strategic Investments
The Asia Pacific region presents significant opportunities for the fruit pulp market, attributed to a burgeoning middle-class population and increasing urbanization. A key development includes Emami Group's acquisition of a 26% stake in Axiom Ayurveda in September 2023, aiming to expand its portfolio and strengthen its presence in the Ayurvedic sector. This strategic move is expected to enhance the availability of fruit pulp products in the region.
Europe: Trends Favor Health and Wellness Amidst Strategic Updation
European consumers' shift towards health and wellness has positively impacted the fruit pulp market. The Eckes-Granini Group, Europe's largest corporate group specializing in fruit juice production, continues to innovate and expand its product lines to meet the growing demand for health-focused products. Their extensive portfolio includes international brands like Granini and Pago, catering to diverse consumer preferences across the continent.
Middle East and Africa: Emerging Growth Opportunities and Market Consolidation
The Middle East and Africa region is emerging as a promising market for fruit pulp, driven by increasing urbanization and changing dietary habits. Notable developments include strategic investments by leading companies aiming to strengthen their presence in the region and expand their product portfolios to include fruit pulp offerings. Such consolidations are expected to enhance market reach and distribution networks.v
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Seitan Market segmentation :
by Fruit Type
Mango
Strawberry
Apple
Guava
Berries
Citrus Fruits
Others
Mango: Due to the numerous health advantages of mango pulp and its growing usage in a variety of food and beverage products, the mango category is anticipated to have a notable increase in market share over the course of the projection year. These elements are fueling the market's expansion and increasing demand for mango pulp.
Guava: In both domestic and foreign markets, guava pulp is growing in popularity. In the local market for fruit juices, nectars, and beverages, as well as in the export sector, this precious product is much sought for. The local market's rising need for fruit juices, nectars, and beverages has led to a sharp increase in the demand for fruit pulps.
by form
Liquid
Powder
by Application
Food
Beverages
Food and beverage applications are another way to divide the fruit pulp industry. Given the growing popularity of fruit juices as a means of promoting a healthy lifestyle, the beverages category is anticipated to dominate the market. Customers like fruit drinks because they have a longer shelf life than fruits. Consumer preferences are shifting toward healthier and natural options, like drinks made from fruit pulp, as a result of the rising prevalence of obesity and lifestyle disorders worldwide. Due to its expanding use in a wide range of applications, including jams, jellies, nectars, puddings, dairy products, and more, the food sector is also anticipated to grow quickly throughout the projection period.
by distribution channel
convenience stores
supermarket
specialty stores
others
The market for fruit pulp can also be divided into segments based on the distribution channel, which includes supermarkets, hypermarkets, and internet shopping. The convenience of having a large selection of products under one roof is predicted to propel the supermarket/hypermarket segment's growth. Customers who lead hectic lives will save time as a result of not having to visit multiple stores in pursuit of particular things.
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Learn about the top players driving innovation in the Seitan Market :
1. Keventer Group
2. Trop Juice
3. Pursuit
4. Paradise Juice Private Limited,
5. Harvesttime
6. Iprona The Fruit Company,
7. Doehler
8. Tropicana
9. Shimla hills
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